The Denver Department of Finance today launched a new Taxpayer Receipt tool on its website to inform residents how their local sales and property taxes are allocated across services provided by the city.

Mayor Michael B. Hancock, City Council President Albus Brooks and President Pro Tem Jolon Clark today released a revised general obligation bond project list. Council members begin their deliberations this month and are expected to refer the full package of essential infrastructure improvements to the November ballot in August.
Since receiving final project recommendations from the Executive Stakeholder Committee last month, the Mayor has worked closely with Council leadership to adjust the list to ensure it balances needs in all areas of the city.

Denver City Council last night unanimously approved the city’s plan to save the non-profit community between $11-14 million per year through a simple fix to the tax code.
The change will closely align the definition of charitable corporation with how the federal and Colorado state governments treat 501(c)3 organizations so that local nonprofits are no longer subject to Denver’s sales, use, lodger’s and employer occupational privilege tax.

The Denver Department of Finance has released its 2016 Comprehensive Annual Financial Report (CAFR) and 2016 Popular Annual Financial Reports (PAFR) for community members to learn about the city’s finances.

After more than three months and 90 hours of meetings, the 2017 general obligation bond (“GO bond”) stakeholder committees, led by Executive Committee Chair Roxane White, today presented Mayor Michael B. Hancock with their final project recommendations.

Denver City Council last night approved the 2017 Mortgage Credit Certificate Program. It is a continuation of the successful 2016 program which through mid-April has provided tax credits to 128 eligible program participants. Denver's 2017 Mortgage Credit Certificate (MCC) program allows qualifying borrowers to receive an annual federal income tax credit equal to 25% of the annual interest they pay on their mortgage loan ($2,000/year maximum).

The Manager of Finance of the City is soliciting proposals on behalf of its Department of Aviation from qualified firms to perform investment banking, underwriting, remarketing and derivatives counterparty services as part of an investment banking pool for DEN. It is expected that this pool will remain in effect for a period of approximately six years, terminating June 30, 2023 or for such period as the City may determine, in its sole discretion.

Real property notices of value for 2017 were mailed to property owners on or before May 1 and included the assigned value and classification of the property as of June 30, 2016 per statutory guidelines. The value and classification will be used to calculate the property taxes payable in 2017.

This map demonstrates residential property value changes for each property and summarized by neighborhood.

Seven metro-area Assessors made a joint announcement today about the 2017 real property valuations for their respective counties. This map demonstrates residential property value changes for each property and summarized by neighborhood.